This book discusses and explains the economics of each stage of the natural gas value chain, including the economic impact of restrictions, rules and decisions that are ostensibly technical in nature, as well as commercially relevant contractual stipulations. Each chapter features several real-world examples illustrating the essential points.?
Natural gas is broadly considered the (leading) conventional source of primary energy. Complementing renewable energies utilization and offering a highly flexible yet relatively clean fuel, the worldwide natural gas markets are expected to grow. Despite the fact that Europe where a degree of stagnation in natural gas consumption is being observed and is expected to continue is not following this trend, international natural gas markets are becoming increasingly interdependent. Therefore, any analysis and discussion of natural gas markets at each level has to have an international rather than national focus.
1. Prologue.- 2. Introduction.- 3. Market data.- 4. Non-Economic and Non-Commercial Fundamentals.- 5. Economic and Commercial Fundamentals.- 6. Sales along the Value Chain.- 7. Transportation.- 8. Storage.- 9. Portfolio Management.- 10. Epilogue.
Andrej Pustiaek teaches energy economics at the University of Applied Science, Stuttgart, Germany and at the University of Karlsruhe (KIT), Germany, owns a consulting companys providing services to international natural gas and energy companies, inter alia, in arbitration proceedings, and lectures international courses on natural gas. He studied Geophysics and Economy in Vienna, Cologne and M?nster. He holds a Ph.D. in Geophysics and a Ph.D. in Economy. In 1990, he started in international natural gas purchasing of Wintershall, Kassel, Germany. As of 1993 he headed different departments of WINGAS, Kassel, Germany (a Gazprom and BASF jointl£I
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